01 Apr Moody's Highlights Sectors Positively Impacted under COVID 19 - Online retail, Internet Services, Gold Mining
Moody's highlights that COVID 19 will have a positive impact on Internet service companies, Online retail and Gold mining. Internet services companies have performed well to keep up with the demand. There must have been a significant spike in the use of the internet from home entertainment, the need for comms like Zoom and Whatsapp, online information gathering and research, and shopping online. We have experienced a significant move to, and growth in, online shopping purchases and delivery systems as a result of the lockdown. Delivery services are stretched to the limit and we have seen a pivoting to provision of essential service products. Aside from groceries and pharmacy, all other goods and services need to be bought and paid for online. What’s really interesting, and is going to define our future, is the migration of individuals and businesses to online. We are seeing unprecedented pressure on individuals globally to up their skills for personal use of the internet for communication, shopping, and buying and paying online. And a rapid transformation of small businesses learning how to move and operate their businesses online - whatsapp, logistics, and getting paid remotely. The third and next most interesting thing is gold mining! This is an interesting one and being a bitcoin bug I can explain it to you. The global economies, after the longest bull run ever, is now under serious pressure with the stock market dropping and issuance of fiat like has never been seen before. So people will be looking for a safe haven for the wealth they can salvage. Gold (and bitcoin - digital gold) are seen by many as the best place to preserve their wealth. An increasing gold price = more investment in gold mining. We hope you enjoyed these insights . . If you are a multinational online shopping or internet services company and looking for a payment gateway, click here to get hold of us to take care of your online payment needs across Africa. Our services include:
